The State Bank of India (SBI) Har Ghar Lakhpati Scheme 2025 has emerged as one of the most talked-about savings options for small investors. Designed especially for salaried individuals, students, homemakers, and low-income households, this scheme allows you to accumulate ₹1 lakh by depositing as little as ₹591 per month through a Recurring Deposit (RD)—making wealth creation simple, disciplined, and risk-free.
What Is SBI Har Ghar Lakhpati Scheme
The Har Ghar Lakhpati Scheme is not a separate product but a goal-based RD plan offered by SBI. The bank calculates a fixed monthly deposit amount based on tenure and interest rates so that your RD matures close to ₹1,00,000. It promotes the habit of regular savings without exposing investors to market risk.
How ₹591 Monthly Turns Into ₹1 Lakh
Under current RD interest assumptions, if you deposit ₹591 every month for 10 years, your total investment comes to around ₹70,920, and the remaining amount is earned through interest compounding. The final maturity amount reaches approximately ₹1 lakh, depending on the prevailing interest rate at the time of account opening.
Tenure Options Available
SBI offers flexibility in tenure, allowing customers to choose a period that suits their financial goals. Shorter tenures require higher monthly deposits, while longer tenures lower the monthly burden. This makes the scheme accessible even for first-time savers.
Interest Rates and Safety
The RD earns interest as per SBI’s recurring deposit rates, which are revised periodically. Being a government-backed public sector bank, SBI offers high safety and capital protection, making this scheme ideal for conservative investors who prefer guaranteed returns.
Who Can Open This RD Scheme
Any SBI savings account holder can start the Har Ghar Lakhpati RD. Minors can also open the account under guardian supervision. There is no restriction on income level, making it suitable for rural households and urban families alike.
SBI Har Ghar Lakhpati Scheme Snapshot
| Details | Information |
|---|---|
| Monthly Deposit | ₹591 |
| Target Amount | ₹1,00,000 |
| Investment Type | Recurring Deposit |
| Tenure | Around 10 years |
| Risk Level | Very Low |
| Bank | State Bank of India |
Additional Benefits of the Scheme
The RD can be opened both online and offline. SBI’s YONO app allows customers to start, manage, and track their RD digitally. Partial withdrawals and premature closure are allowed under SBI’s RD rules, though penalties may apply.
Why This Scheme Is Gaining Popularity in 2025
With rising uncertainty in market-linked investments, many households are shifting back to guaranteed-return savings plans. The Har Ghar Lakhpati Scheme fits perfectly for people who want a clear financial goal, disciplined savings, and zero market risk.
Things to Keep in Mind
The exact maturity value depends on the interest rate at the time of opening and timely monthly deposits. Missing installments may attract penalties. Investors should also remember that RD returns are taxable as per income tax rules.
One Quick Takeaway
By saving just ₹591 per month, the SBI Har Ghar Lakhpati Scheme 2025 helps ordinary families move closer to their dream of becoming a lakhpati in a safe and structured way.
Conclusion: The SBI Har Ghar Lakhpati Scheme proves that wealth creation doesn’t require large investments. With discipline, patience, and a trusted bank like SBI, even small monthly savings can turn into a meaningful financial cushion over time. For anyone looking for a secure, goal-based savings plan in 2025, this RD option is worth considering.
Disclaimer: This article is for informational purposes only. Interest rates, maturity value, and RD terms are subject to change as per SBI guidelines. Please confirm details with official SBI sources before investing.
